Amundi has launched tokenised share classes for the Amundi Money Market Fund – Short Term through its collaboration with CACEIS and Ant International.
The share classes were developed for Ant International, a global digital payment, digitisation and financial technology company, as part of a deal which committed the firms to exploring blockchain innovations for real-time treasury management and tokenised investment solutions.
As part of the partnership, the firms developed a real-time investment solution for Ant International’s intra-group liquidity management needs. CACEIS acted as the transfer agent and tokenisation agent.
Fannie Wurtz, deputy general manager, head of client group and chair of Asia at Amundi, said: “This collaboration brings together leading institutions committed to innovation and to seizing opportunities emerging in the digital asset space. It also reflects Amundi’s dedication to meeting the evolving needs of sophisticated clients and our ambition to shaping the future of finance.”
Kelvin Li, general manager of platform tech and senior vice president at Ant International, added: “Our goal is to build a future of instant, borderless money movement. Having utilised blockchain for internal treasury management since 2019, we believe blockchain and AI can unlock real-time solutions for global corporate treasurers. We are glad to work with Amundi to co-develop secure, compliant investment products accessible 24/7 globally.”
Following this launch, the three parties are now exploring the potential launch of the Amundi Money Market Fund – Short Term on Whale, Ant International’s internal blockchain-based treasury management platform.
This would onboard Amundi funds onto the Whale platform and co-develop new money market fund solutions. Amundi and Ant International are also exploring expanding the solution to new markets and currencies. The implementation of these advancements remains subject to receipt of all required legal and regulatory approvals.
Amundi tokenised its first money market fund (MMF) in collaboration with CACEIS in November, and recently partnered with Spiko, a European fund tokenisation platform, to introduce the Spiko Amundi Overnight Swap Fund (SAFO).
